> Anyone care to give a intelligent insight into what this means and what is the operative significance?
intelligent Insight- NO Opinion - YES I think it can only mean one thing, he see's GFH as a good business opportunity and by extension Leeds United as well. Whether that means to invest directly in or to sell on, time will tell. What I don't think it means is that there is any more money in Leeds Utd as a direct result. Have mixed feeling about Nooruddin myself, on the minus side it was alleged (in case his lawyers are reading) he got caught trying to get his kid a place in the academy on the plus side he has turned up for lots of matches and also community events and seems to understand that LUFC needs to reconnect with the community as much as it needs shiny new drinking dens for the Prawn sandwich Brigade. ttfn Richard Triumph Computer Services 01273 505214 07974870424 -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Dr Michael Benjamin Sent: 12 November 2013 10:15 To: Rick Duniec Cc: [email protected] Subject: Re: [LU] Salah Nooruddin On 12 Nov 2013 11:52, "Rick Duniec" <[email protected]> wrote: > By Laurence Kilgannon, Yorkshire Correspondent > > A family consortium led by Leeds United chairman Salah Nooruddin has > acquired a significant stake in the Championship club's parent Gulf > Finance House (GFH). > > The bank, which is headquartered in Bahrain, said the main drive > behind Nooruddin's investment was the potential business value of GFH > and the bank's trading performance. > > GFH describes Nooruddin as "a prominent business player in the Bahrain > market. who participated recently with GFH in the newly undertaken > investment opportunities including the investment in the Leeds United > Football Club where he serves as the club's chairman". > > Noorudin's consortium has acquired a 5.71 per cent stake in GFH while > the Leeds chairman will join the bank's board. > > Nooruddin joined the board of Leeds United in late April before being > appointed vice chairman in May when the club confirmed he was the > holder of a 3.33 per cent stake in LUFC Holding Ltd. > > Then, in July, GFH Capital appointed Nooruddin as chairman with David > Haigh, deputy chief executive of GFH Capital, taking on the role of > managing director. > > By then Envest, an investment vehicle owned by Nooruddin and his wife, > was listed as owning more than 10 per cent in Grand Cayman-based LUFC > Holding Ltd. > > > > > _______________________________________________ > Leedslist mailing list > Info and options: > http://mailman.greennet.org.uk/mailman/listinfo/leedslist > To unsubscribe, email [email protected] > > MARCHING ON TOGETHER > > _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] MARCHING ON TOGETHER _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] MARCHING ON TOGETHER
